因此研究均衡汇率有其重要的现实意义。
So study of the equilibrium exchange rate has very important actual implication.
他们认为均衡汇率是通过国际抛补套利 …
If interest rate parity is violated, then an arbitrage opportunity exists.
长期以来,人民币汇率的形成与调节缺乏均衡汇率。
For a long time, the forming and regulating mechanism of RMB exchange rate are short of equilibrium exchange rate.
对于发达的经济体而言,其长期均衡汇率就是货币的购买力。
The long-run equilibrium exchange rate of developed countries is the purchasing power parity.
而本文所说的均衡汇率是指一个国家内外部都实现均衡的汇率。
The equilibrium exchange rate in this paper is the exchange rate when internal and external equilibrium come true.
比如,最优货币权重、人民币均衡汇率的计算,汇率目标区的波动幅度等。
The last section constructs a narrow band, open and hard target-zone exchange rate regime of RMB which is practical and operable.
第三,一旦实际汇率与实际均衡汇率错配,将如何进行制度重构与政策修正。
The third is how to reconstruct the exchange rate system if it exists the misalignment of real exchange rate and real equilibrium exchange rate.
实证分析的结果是人民币汇率的弹性范围应该限定在围绕均衡汇率上下浮动12%以内。
The result shows the Renminbi elastic scope should be fluctuated within 12% around the balanced exchange rate.
本文以宏观经济理论和国际金融为理论指导,以一种新的测算方法来计算人民币均衡汇率。
Based on the theory of macro-economic and international finance, this thesis applied a new method to measure the equilibrium exchange rate of RMB.
近年来我国名义汇率偏离均衡汇率的失调程度加大,国际上对我国人民币升值的呼声也越来越高。
In recent years, RMB's nominal exchange rate deviates obviously the equilibrium exchange rate, and international shouts to revalue RMB are more and more high.
本文首先在对均衡汇率研究的意义进行了简要的分析,并评析了国内外均衡汇率的主要研究成果。
The thesis analyzes briefly the significance of the research about equilibrium exchange rate firstly, and introduces the main works that have been done in and out the country.
末了将每一期的现实汇率和基期现实汇率相比较,可以判定现实汇率是否还维持在均衡汇率程度上。
Finally compares each issue of actual exchange rate and the base period actual exchange rate, may judge the actual exchange rate whether also maintains in the balanced exchange rate level.
汇率目标区的基准汇率应选择均衡汇率,理论上这种均衡汇率应是能同时反映一国内外部均衡的汇率。
The benchmark rate of the target zone should be an equilibrium rate which can reflects both of internal and external equilibrium simultaneously.
第二节讨论了早期的均衡汇率理论、基本济要素均衡汇率理论(FEER)和行为均衡汇率理论(BEER)。
Sector two introduces Nurkse equilibrium exchange rate which includes early equilibrium exchange rate, foundational equilibrium exchange rate(FEER)and behavioral equilibrium exchange rate(BEER).
所以,要实现国际收支均衡的核心就是寻找货币的均衡汇率,再通过各种手段调节、干预名义汇率稳定在均衡汇率的水平上。
Therefore to achieve a sound balance of payment is to seekequilibrium exchange rate of a currency and then to adjust nominal exchange rateto a stable equilibrium level by all means.
这种计算均衡汇率的方法与以往均衡汇率的研究方法不同,改变了把实际汇率作为被解释变量建立均衡汇率模型的计算方法。
This new calculation model is different from ancient ones that it changes the way that establishes models by taking the real exchange rate as dependent variable.
美元可能会再次贬值,但是如果中国不将人民币对美元汇率上调的话,贬值对再均衡增长的贡献会很有限。
Its decline is likely to resume but its contribution to rebalanced growth will be constrained if China does not let the yuan appreciate against the dollar.
它是基于购买力平价理论,也就是说汇率应该使不同国家的一篮子商品的价格达到均衡。
It is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in each country.
巨无霸指数以购买力平价理论为基础。根据该理论,汇率需调整以均衡全球范围内的一篮子食物和服务的价格。
The Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world.
最近一份数据显示,8月份时BIS的美元实际有效汇率指数不足92,较指数均衡价值低了8%左右。
As of August, the latest data available, the BIS index of the dollar's effective exchange rate was less than 92, or roughly 8% below what some might consider fair, or equilibrium, value.
他们试图鼓吹欧元的价值。但是货币市场并不买账,欧元汇率开始接近均衡。
They have tried to talk up the value of the euro, though currency markets have dismissed this as mere political rhetoric, and are rapidly bringing the euro closer to equilibrium.
央行的中文版原文是:使人民币汇率在合理均衡的水平上保持基本稳定。
Keep the RMB exchange rate basically stable at an adaptive and equilibrium level.
完善人民币汇率形成机制,保持人民币汇率在合理均衡水平上的基本稳定。
We will improve the RMB exchange rate regime, and keep the RMB exchange rate basically stable at an appropriate and balanced level.
它会在其所估测的均衡水平上,确定一个新的汇率,用以扭转这一局面。
It may attempt to correct the situation by fixing a new exchange rate at (what it guesses to be) the equilibrium level.
它会在其所估测的均衡水平上,确定一个新的汇率,用以扭转这一局面。
It may attempt to correct the situation by fixing a new exchange rate at (what it guesses to be) the equilibrium level.
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